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Hyundai costs Ioniq 5 EV from $40,925

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Hyundai is launching its first electrical automobile on a devoted platform — the Ioniq 5 compact crossover — with aggressive pricing to match its bold styling.

The primary batch will go on sale within the U.S. in late December.

The SE customary vary, with 168 hp and 220 miles of EPA vary, begins at $40,925, with delivery. The bottom model is not going to be out there till spring 2022, Hyundai mentioned Monday.

The SE customary vary comes with a single motor driving the rear wheels. At launch, the bottom is the one trim within the U.S. to have the smaller, 58 kilowatt-hour battery pack.

Hyundai EVs are eligible for the U.S. federal tax credit score as much as $7,500, plus state and native incentives.

The Ioniq 5 SE trim with the bigger 77.4-kWh battery and 303 miles of vary begins at $44,875, with supply charges. That mannequin additionally has one motor driving the rear wheels, however raises output to 225 horsepower.

The SE trim with two motors and all-wheel drive begins at $48,375 with delivery. Energy rises to 320 horsepower and vary falls to 256 miles, Hyundai mentioned.

The mid-level SEL trim begins at $47,125 with delivery for the single-motor model. Including awd provides $3,500 to the sticker. The Restricted begins at $51,825 with delivery and the dual-motor Restricted begins at $55,725.

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